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I don't know how you would define employees, contractors etc. But the hard details of the deal have always been strictly an amount of payment for work completed

I don't know how you would define employees, contractors etc. But the hard details of the deal have always been strictly an amount of payment for work completed. No more and no less than that. No written contracts, no sick leave, no government insurance, no paid holiday. All those expenses are their responsibility, and they know that. But the real situation is a little softer, because of course I will be more flexible if a contractor seems to be good and of course they will be more flexible if I have been playing reasonably and fairly with them. Decent people feel happier behaving this way, and wouldn't we all be damn stupid if we didn't behave like decent humans? I try my best to avoid doing business with stupid people.

viraptor 8y ago
What I was going for was: if it's a standard contractor-like payment, what paperwork do you save by using cryptocurrency?
- tomaha 8y ago
  Try sending money around the world and you will get to know how much manual work and paperwork is involved. Banks don't live in this century yet and if multiple countries are involved it gets worse.
- FatalLogic 8y ago
  There's no paperwork. None. I'm working as an offshore company domiciled in a "tax haven".... So that paperwork is one of the hassles that we save. Sending payment is one-click. Then it's done and there's no possible undoing. Bank payments can be denied, reversed, routed strangely, delayed or something else. Bitcoin is more binary; either it works instantly or it fails and you know it. There's not so much doubt about it. Though high transaction fees for a few weeks last year did introduce more uncertainty, that is true. Anecdote: Out of hundreds of small monthly salary payments I've sent out, I've only once had a big problem. What happened there was that the payee said she hadn't got it, but the blockchain said it was sent and confirmed. Of course I certainly trust the blockchain to tell me the truth. More than I trust a bank. Who wouldn't? I think the payee's computer had probably been malware hacked. (So I told her how to clean her PC and then I sent the same payment again as a one-off favor and that was ok, no further trouble and we still work together today).
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viraptor 8y ago

What I was going for was: if it's a standard contractor-like payment, what paperwork do you save by using cryptocurrency?

tomaha 8y ago
Try sending money around the world and you will get to know how much manual work and paperwork is involved. Banks don't live in this century yet and if multiple countries are involved it gets worse.
FatalLogic 8y ago
There's no paperwork. None. I'm working as an offshore company domiciled in a "tax haven".... So that paperwork is one of the hassles that we save. Sending payment is one-click. Then it's done and there's no possible undoing. Bank payments can be denied, reversed, routed strangely, delayed or something else. Bitcoin is more binary; either it works instantly or it fails and you know it. There's not so much doubt about it. Though high transaction fees for a few weeks last year did introduce more uncertainty, that is true. Anecdote: Out of hundreds of small monthly salary payments I've sent out, I've only once had a big problem. What happened there was that the payee said she hadn't got it, but the blockchain said it was sent and confirmed. Of course I certainly trust the blockchain to tell me the truth. More than I trust a bank. Who wouldn't? I think the payee's computer had probably been malware hacked. (So I told her how to clean her PC and then I sent the same payment again as a one-off favor and that was ok, no further trouble and we still work together today).

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